Old Foreign Exchange Savings

In accordance with the Law on payment of foreign exchange currency savings deposited with authorized banks headquartered outside Montenegro (Official Gazette of the Montenegro, number 81/06 and 20/09), owners of converted citizens foreign exchange savings will be paid the third installment in branch units of Crnogorske komercijalne banka AD Podgorica (CKB) from 1st July 2009. Citizens who failed to withdraw the second installment, or whose claims are not registered with the Central Depositary Agency, should register with the branch office of CKB where they submitted the payment request for foreign exchange deposits, where they will receive the certificate of conversion of savings into bonds. After reconciliation of the foreign currency account balance, the bank will record the amount of converted foreign exchange savings into bonds in the booklet.

The payment of the sixth installment of converted foreign exchange savings bonds will be made from 1st July 2009, to the owners of bonds, in accordance with the Law on regulating obligations and claims in respect of foreign debt and citizens foreign exchange savings (Official Gazette of the Republic of Montenegro, number 55/03 and 11/04). Installment amount is determined in the certificate (amortization plan). The payment will be made by commercial banks, or regional centers of the Central Bank of Montenegro. Citizens who after 1st July 2004, registered with their banks where they held deposits, and whose bonds are registered on individual account with the Central Depositary Agency, may withdraw the sixth installment in regional centers of the Central Bank of Montenegro and in Atlasmont Bank AD Podgorica, branch unit Pljevlja, depending on the place of residence, on the basis of identification document (ID, or passport)

According to the Law on settling obligations and claims regarding the foreign debt and citizens foreign currency savings (Official Gazette RCG, no. 55/03 an 11/04), the owners of bonds of converted foreign currency savings are to receive fifth payment due on 1 July 2008, with the amounts defined by the confirmation (amortization plan), to be paid in business banks, i.e. regional centers of the Central bank of Montenegro. Investors, i.e. citizens who had after 1 July 2004 registered with their bank and therefore registered with Central depository agency AD Podgorica as owners for converted foreign currency savings may withdraw their fifth payment at regional centers of the Central bank of Montenegro and Atlasmont banka AD Office Pljevlja, depending on their residence, according to the identification document (personal ID, passport)...

According to the Law on payment of citizens foreign currency savings invested with the authorized banks with headquarters outside the Republic of Montenegro (Official Gazette RCG, no. 81/06) and the Decree on conversion of citizens foreign currency savings in bonds (Official Gazette CG, no. 40/08), the owners of converted foreign currency savings bonds shall receive the second payment of 530.00 EUR per savings account, due on 1 July 2008 in business units of Crnogorska komercijalna banka AD Podgorica (CKB)...

The Parliament of Montenegro had, on 18 March 2008, legislated the Law on payment of citizens foreign currency funds invested with Dafiment banka AD Belgrade and Banka privatne privrede DD Podgorica via enterprise Jugoskandik DD Belgrade (Official Gazette RCG, no. 21/08), which came into force on 4 April 2008. Payment of funds invested with Dafiment banka AD Belgrade and Banka privatne privrede DD Podgorica via enterprise Jugoskandik DD Belgrade shall be performed, according to this Law, in favor of citizens investors, who on the day of this Law coming into force 4 April 2008, have the residence in Montenegro, can present the contract on investing of foreign currency funds with Dafiment banka AD Belgrade and contracts on investing of funds for foreign currency savings and savings booklet with Banka privatne privrede DD Podgorica invested via enterprise Jugoskandik DD Belgrade, and for whom the payment was not made in line with the laws of the state where bank headquarters is located

Payment of old foreign currency savings of citizens, deposited in foreign currency accounts and foreign savings deposit books with authorised banks with headquarters at the territory of the Republic, and of foreign currency savings of citizens with residence in the Republic, which deposited their foreign currency savings in authorised banks with headquarters outside the Republic of Montenegro is being realised in Montenegro...